In Letter to OECD, ACC Urges Compliance Incentives, Settlements as Keys to Effective Anti-bribery Laws

ACC Position: 

On November 11, 2016, ACC and its Compliance & Ethics Committee submitted a letter in response to a consultation paper requesting public input on corporate anti-bribery laws from the Organization for Economic Co-operation and Development (OECD) Working Group on Bribery. In its letter, ACC urged governments to view the private sector as a partner in preventing and uncovering corruption and outlined the importance of incorporating corporate compliance incentives and settlement mechanisms into anti-bribery laws. ACC also encouraged governments considering compliance incentives and settlement mechanisms to work toward harmonization across jurisdictions. Uniform guidelines enable in-house lawyers and corporate compliance officers to effectively advise companies that operate across borders.

Click here to view ACC’s letter.